Is Manor Park, DC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Manor Park is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Manor Park was a Seller's Market.

Key Takeaway

Manor Park is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Manor Park, DC

How much do homes in Manor Park, DC cost?

Median Sold Price

$660,000

$384/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$65,000(-9.0%)

Key Takeaway

Homes in Manor Park have sold for 9% less than they did a year ago.

Summary: The median home sold price in Manor Park was $660,000 in November 2024, down 9% from last year, and the median price per square foot was $384.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $347.5K$419.9K
+20.8%
2 $600K$485K
-19.2%
3 $662.7K$600K
-9.5%
4 $807.5K$700K
-13.3%
5+ $1.3M$1.0M
-20.7%

Summary: Manor Park housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.8%, 2 bedroom homes decreased by 19.2%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 13.3%, and 5+ bedroom homes decreased by 20.7%.

Median Sold Price Compared To Nearby Neighborhoods

Takoma / Brightwood / Manor Park
+6.1%
Lamond Riggs
+2.7%
Lamond Riggs / Queens Chapel / Fort Totten / Pleasant Hill
-1.7%
Manor Park
-9.0%

Housing Supply in Manor Park, DC

How many homes are available in Manor Park, DC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1921+10.5%

Summary: The Manor Park real estate market had 21 homes for sale in November 2024, a 10.5% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 78
+14.3%
4 77
0.0%
5+ 22
0.0%

Summary: The Manor Park housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Manor Park, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Manor Park in November 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Manor Park, DC

How long does it take to sell a home in Manor Park, DC?

Average Sale Time

Nov 2023Nov 2024CHANGE
14 Days16 Days+17.9%

Summary: Homes in Manor Park had an average of 16 days on market in Nov 2024, up by 17.9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Manor Park are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 2 homes were sold in Manor Park; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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